2016, November, 9, 18:35:00PERTAMINA'S INCOME: $2.83 BLN
Pertamina’s income surged from USD 914 million to USD 2.83 billion, thanks in part to efficiency gains that resulted in a USD 834-million reduction in operational costs.
2016, November, 8, 18:50:00ROSNEFT & BGC DEAL: $1.1 BLN
Rosneft and Beijing Gas Group Company Limited (hereinafter, "Beijing Gas") signed a Purchase and Sale Agreement and a Shareholder and Operating Agreement for the sale of a 20% stake in Verkhnechonskneftegaz (a Rosneft subsidiary) to the Chinese company, an Agreement on the Area of Mutual Interest in respect of the adjoining license areas and an Agreement on the cooperation in the gas business. The transaction execution agreement was signed in the presence of the Prime Minister of the Russian Government Dmitry Medvedev and Premier of the State Council of the People's Republic of China Li Keqiang by Rosneft Chief Executive Officer Igor Sechin and Beijing Gas Group Chairwoman of the Management Board Li Yalan.
2016, November, 7, 18:50:00U.S. DEFICIT $36.4 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $36.4 billion in September, down $4.0 billion from $40.5 billion in August, revised. September exports were $189.2 billion, $1.0 billion more than August exports. September imports were $225.6 billion, $3.0 billion less than August imports.
2016, November, 2, 18:45:00SHELL & BP PRICES: $50
The UK-listed oil majors both said they were planning for prices per barrel in the low $50s in 2017 — only a little above current levels — in a sign of the industry adapting to “lower-for-longer” market conditions.
2016, October, 31, 19:00:00WBG BOUGHT UKRAINE
Poverty rates are estimated to have increased, with access to services hampered in conflict-affected areas. The international partners are ready to support the efforts of the government of Ukraine on recovery of the infrastructure and peacebuilding, tailored to the specific needs of conflict-affected communities.
2016, October, 31, 18:55:00PAKISTAN IS BETTER FOR WBG
Pakistan announced a three year road map to improve its global ranking on doing business earlier this year. Consistent with that, the country completed three reforms in the past year in Registering Property, Getting Credit and Trading Across Borders. The highest number in a single year over the past decade.
2016, October, 31, 18:40:00GE & BAKER HUGHES: $32 BLN
- Combination creates an unparalleled company positioned to deliver value for customers and investors - GE to own 62.5% and Baker Hughes shareholders to own 37.5% of the “New” Baker Hughes - GE to contribute $7.4 billion to fund the $17.50 per share special dividend to existing Baker Hughes shareholders
2016, October, 26, 18:45:00RUSSIA: THE LARGEST PRODUCER
Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than 40% of the federal budget revenues.
2016, October, 21, 18:45:00RUSSIAN OIL&GAS INVESTMENT
However, Russian oil and natural gas companies’ capital investment programs have been less affected, if at all.
2016, October, 21, 18:35:00SHELL SELLS CANADA: $1 BLN
Shell’s net debt has more than doubled to $75bn since its £35bn takeover of BG Group was completed in February.
2016, October, 19, 18:40:00BP CAN $50
"We can operate in the $50 range, we have to," he said, adding that the business needs to be resilient to price cycles, can adapt and is agile.
2016, October, 14, 18:50:00WORLD OIL DEMAND WILL UP BY 1.15 MBD
World oil demand in 2016 is seen increasing by 1.24 mb/d to average 94.40 mb/d. Positive revisions were primarily a result of higher-than-expected demand in the Other Asia region, while downward revisions were a result of lower-than-expected performance from OECD America. In 2017, world oil demand is anticipated to rise by 1.15 mb/d, to average 95.56 mb/d.
2016, October, 13, 18:30:00ROSNEFT BOUGHT BASHNEFT
The deal was strongly appreciated by the investment community for the expansion of the Combined Company to the new crude oil and petroleum product production and supply areas, Rosneft adding 10% of liquid hydrocarbon production and 20% of refining throughput as well as for significant synergies arising from optimization of mutual oil supplies, transport and logistics costs, drilling cost reduction and joint use of production assets’ infrastructure, modern technologies and know-how.
2016, October, 7, 18:30:00EXXON FINED $75 BLN
The court judgment released on Wednesday found that the companies owed nearly 484 billion CFA francs in royalties to the Chadian government. It did not explain why the penalties amounted to more than 90 times that amount.
2016, October, 6, 18:55:00SAUDI'S DIFFICULT DECICIONS
If Nigeria and Libya restore production, the kingdom may need to cut twice as much. U.S. shale drillers also stand ready to fill any supply gap.